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    Anu T S in Crypto News

    07 Mar 11:00 AM


    ‘Only a few’ Ethereum L2s will survive the next 5 years: Manta co-founder

    Manta’s Kenny Li argues that only blockchains with a “modular” approach stand a chance of survival, but critics say the whole debate is just a marketing stunt.
    Of the 44 active Ethereum layer-2 (L2) blockchains in existence today, “only a few” will still be around in five years, said Kenny Li, co-founder and chief operating officer of Manta Pacific.

    According to data from L2Beat, there are currently a total of 44 active Ethereum L2 networks, boasting a combined total value locked (TVL) of $36.92 billion, with Arbitrum standing in first place with $14.5 billion TVL.

    However, Li claims the future is only properly paved for “modular” blockchains such as Manta, Celestia and Cosmos.

    Critics of this viewpoint, however, argue the term is simply a “marketing stunt” and the success of a network has nothing to do with its approach to development and scalability.

    Source - Coin Telegraph